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| Issue 370 | April 6th, 2010 |
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| Aloha ,
In this newsletter:
REO Properties
Short Sales |
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Market Update
Have we hit bottom yet? That is one of the most frequently asked questions we get.
For the answer to this question, one should look at the statistics and see how they compare to past cycles. When you do that, we believe the data suggests signs that this current phase has indeed bottomed out.
For those of you have the time and interest, we highly recommend you listen to the Video presentations on the State of Real Estate 2010 by an esteemed panel of experts. Once you have done that, we would appreciate your feedback, and the conclusions you came to.
We don't expect to see a quick recovery on Maui due to the large number of foreclosures that are still in the pipeline, but at least the light and the end of the tunnel has gotten much brighter.
Have a wonderful week!
Mahalo Nui Loa,
The Smith Team P.S. New Website Feature - We are very excited to announce that you can now pull up Comparable Sales information on our website. Once you do a search based on the criteria you selected, click on any one of the properties that came up and hit View Details. You will then see links in the Property Information Section (Just Above Remarks) as well as above the photos. The comps shown will be to all sales within the last 6 months reported in our MLS. Also, after being down for awhile, we again have the information from the Public Tax Records for all properties on our website. Click here for a sample.
Gregory P. Smith R (B), Melissa Smith R (B), Ken Smith R (S), Jeremy Smith R (S)
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Market Watch for April 5th, 2010
| Active | Pending | Sold | Change | |
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| Homes | 888 (377) | 236 (33) | 749 (94) | -10 |
| Condos | 1326 (246) | 298 (18) | 861 (129) | -19 |
| Land | 558 (151) | 41 (9) | 119 (27) | -7 |
| Total | 2774 (774) | 575 (60) | 1729 (250) | -36 |
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1. The numbers in parentheses reflect the number of listings over $1M |
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Spacious and airy estate home located on greenbelt in the gated community of Wailea Kialoa. You will enter a large atrium foyer that leads to two levels of Wailea luxury living. Two expansive master suites with ocean views anchor the upper level, along with a den that opens out to an upper lanai. |
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This captivating residence expresses the Hawaiian lifestyle with sophistication. It's distinctive location overlooking the 4th green of Wailea's "Old Blue" golf course provides for expansive ocean and golf course views. The formal and informal living room areas open to a large lanai, pool and spa. The homes entire upper level contains the owner's private master suite, office/ den and open lanai. Two guest bedroom suites and a half bath are on the first level. |
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Rare oceanfront “once in a lifetime” offering. On the most sought after coast line. This opportunity is truly one of a kind. The entire property consists of 4 parcels (4 separate TMK’s), each unique and all with stunning outer island views. This is the furthest north of the four lots. Lot #1 is 20,016 SF (this is lot has the beach cottage). Zoning allows for a main house and a detached cottage. |
 28 Kua Place Lahaina $443.9K (FS) |
Bank Owned. Permitted for 3 bedrooms, 2 baths, some interior improvements have been added without a permit.
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 860 Lekeopna Loop Wailuku $545K (FS) |
Short Sale. Ocean views abound from almost every room. Large & spacious with lots of upgrades. This home was remodeled in 2008 and is extremely clean and orderly, move in ready. Upgrades include Chinese bamboo flooring, granite countertops and ceramic glass floor tiles, accent painting, open beam ceilings, large picture windows and panoramic views of Maui's North Shore
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Bank Owned. Large home located in the Wahikuli area. Corner lot, lots of room for extended families. Short drive to Kaanapali resort area, beaches and the shopping and attractions of Lahaina town. |
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This newly built custom home has incredible ocean and crater views and an impressive open floor plan with over 4,000 sq. ft. under roof. The great room features 9’ ceilings, wonderful cross breezes, custom stained concrete floors. Impressive chef’s gourmet kitchen features top of the line stainless steel appliances, large pantry and island, cherry wood cabinetry and granite slab countertops. Upstairs is a beautiful guest suite with separate entrance, 715 sf. 2 bd. /1 bath with wetbar. |
Puamana 226-1
Lahaina $3M (FS) |
Wonderful beachfront town house was rebuilt from the ground up in 2006. Top of the line construction and interior design. This is the best of the best that Puamana has to offer. Finished loft area with huge ocean and mountain views. This home sleeps eight in beds. Two over sized oceanfront lanai areas for enjoying the fantastic three island views. Seller financing available at attractive rates and terms. |
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This rare oceanfront condo is a great vacation rental. Unobstructed ocean views, tennis courts, barbeque areas and pool. Seller is motivated.
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 Wailea Ekahi 16-E Wailea $750K (FS) |
Enjoy the spectacular ocean views on a fabulous greenbelt location. Nicely appointed unit sits in the quietest part of Ekahi at the farthest point from the roads. Terrific split air conditioning. Beautifully renovated throughout.
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 Wailea Ekolu #710 Wailea $860K (FS) |
This two-story 2 bd. / 2.5 bath townhouse features a relaxed island style interior and a large main lanai that's ideal for outdoor living. Ocean and tropical garden views combined with a peaceful location make this condominium the perfect choice in Wailea's most popular golf course complex.
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 Kihei Villages 35-104 Kihei $142.9K (FS) |
Bank Owned. Great opportunity for first time buyer or investor. Property needs very little work. |
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 Wailea Palms #3806 Wailea $499.9K (FS) |
Bank Owned. 2 bd 2 bath upstairs ocean view unit at the Palms. |
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Lovely ocean view secure ground floor two bedroom three bath condo with every amenity one could hope for. Turn key, beautifully furnished, and pet friendly too. |
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